This article discusses “Treasury Department and its SOP Manual”. Treasury involves the management of money and financial risks in a business. Its priority is to ensure the business has the money it needs to manage its day-to-day business obligations, while also helping develop its long - term financial strategy and policies.
I always say, writing an SOP is somewhere between art and science. So far you may be clueless on where to start and how to progress on an SOP? This will not be the case after you diligently go through this SOP ToolBox. We have summarised all our secrets here to get you started and to deliver a stunning SOP to your management.
Department Under the Treasury:
- Front Office: Responsible for carrying out day-to-day analysis and transactions relating to the management of funding, risk, cash and liquidity.
- Middle Office: Only larger treasuries will have a middle office often picking up some of the roles under ‘back office’, commonly the reporting and analysis type roles, but it varies enormously by organisation.
- Back Office: Administers and supports the front office and its main functions are to validate (confirm and verify), settle, and account for deals.
Role and Responsibility of Treasury Department:
- Cash Forecasting
- Working Capital Management
- Cash Management
- Investment Management
- Treasury Risk Management
- Credit Rating Agency Relations
- Bank Relations
- Fund Raising
- International Group of Treasury Association (IGTA).
- The Association of Corporate Treasurers (ACT).
- Association for Financial Professionals (AFP).
- Finance and Treasury Association (FTA)
- The Certified Treasury Professional (CTP).
- The North Carolina Treasury Management Association (NCTMA).
- St. Louis Treasury Management Association (LTMA).
- Treasury Management Association of Chicago (TMAC).
- European Association of Corporate Treasurers (EACT).
- American Bankers Association (ABA).
- The San Francisco Treasury Management Association (SFTMA).
- Global Association for Quality Management (GAQM).
- Treasury Department Recreation Association (TDRA).
- Central Ohio Association for Financial Professionals (COAFP).
- Association of Corporate Treasurers Singapore (ACTS).
- Association of Corporate Treasurers (ACT).
- Treasury Historical Association (THA).
- Alabama Association for Financial Professionals (AAFP).
- The Houston Treasury Management Association (HTMA).
- Dallas Association for Financial Professionals (DAFP).
- Malaysian Association of Corporate Treasurers (MACT).
- Alliance of Texas Treasury Associations (ATTA).
- Mid- Atlantic Association for Financial Professionals (MAAFP).
- Rocky Mountain Association for Financial Professionals (RMAFP).
- Iowa State County Treasurer’s Association (ISCTA).
- ISO 9001: 2015
- ISO 2001: 2015
- ISO 27001: 2013
- ISO 9001: 2008
- ISO 29990: 2010
- ISO 9001: 2000
Some of the magazines and journals that will keep you track on:
- Treasury Management Finance Magazine | https://iupindia.in/Treasury_Management.asp |
- Journal of Finance and Banking | https://www.journals.elsevier.com/journal-of-banking-and-finance |
- Journals of Corporate Treasury Management | https://journals.indexcopernicus.com/journal/29435 |
- Journal of Risk and financial Management | https://www.mdpi.com/journal/jrfm |
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